Price for Cocoa; Paste, Not Defatted in China - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in China (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in China (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in China
- Exports of Cocoa; Paste, Not Defatted in China
Price for Cocoa; Paste, Not Defatted in China (CIF) - 2023
In June 2023, the average cocoa; paste, not defatted import price amounted to $5,030 per ton, increasing by 17% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 18% m-o-m. The import price peaked at $5,377 per ton in October 2022; however, from November 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($6,229 per ton), while the price for the Netherlands ($1,905 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in China (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $4,367 per ton in 2022, shrinking by -2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $4,454 per ton in 2021, and then shrank in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($5,119 per ton) and the Philippines ($4,694 per ton), while the average price for exports to Mongolia ($4,040 per ton) and Russia ($4,331 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in China
In 2022, the amount of cocoa; paste, not defatteds imported into China rose to 20K tons, picking up by 2.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cocoa; paste, not defatted imports rose modestly to $98M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cocoa; Paste, Not Defatted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 31.8 | 34.2 | 48.7 | 49.0 | 15.5% |
| Malaysia | 14.3 | 8.1 | 16.0 | 19.0 | 9.9% |
| Ghana | 9.4 | 11.0 | 14.9 | 10.8 | 4.7% |
| Singapore | 1.2 | 1.6 | 2.8 | 4.1 | 50.6% |
| Netherlands | 3.0 | 2.2 | 3.5 | 2.9 | -1.1% |
| Japan | 0.7 | 1.5 | 1.1 | 1.5 | 28.9% |
| Cote d'Ivoire | 10.8 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 9.9 | 9.1 | 10.1 | 103.4% |
| Total | 72.6 | 68.5 | 96.1 | 97.5 | 10.3% |
Top Suppliers of Cocoa; Paste, Not Defatted to China in 2022:
- Indonesia (7.9K tons)
- Malaysia (4.3K tons)
- Ghana (3.0K tons)
- Netherlands (1.1K tons)
- Singapore (1.0K tons)
- Japan (0.3K tons)
Exports of Cocoa; Paste, Not Defatted in China
In 2022, approx. 75 tons of cocoa; paste, not defatteds were exported from China; shrinking by -41.8% on the previous year's figure. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 511%. As a result, the exports reached the peak of 128 tons, and then fell sharply in the following year.
In value terms, cocoa; paste, not defatted exports reduced rapidly to $326K in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 610%. As a result, the exports attained the peak of $571K, and then contracted dramatically in the following year.
| Export of Cocoa; Paste, Not Defatted in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 18.3 | N/A | N/A | 270 | 145.3% |
| Philippines | N/A | N/A | N/A | 33.6 | 0% |
| Mongolia | N/A | 3.9 | N/A | 14.5 | 92.8% |
| United States | 254 | 20.5 | N/A | 7.5 | -69.1% |
| Argentina | N/A | N/A | 44.2 | N/A | 0% |
| Malaysia | 163 | N/A | N/A | N/A | 0% |
| Iran | N/A | 44.1 | N/A | N/A | 0% |
| Qatar | N/A | N/A | 527 | N/A | 0% |
| Others | 38.7 | 11.9 | 0.2 | 0.1 | -86.3% |
| Total | 474 | 80.5 | 571 | 326 | -11.7% |
Top Export Markets for Cocoa; Paste, Not Defatted from China in 2022:
- Russia (62.4 tons)
- Philippines (7.2 tons)
- Mongolia (3.6 tons)
- United States (1.5 tons)
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This report provides an in-depth analysis of the cocoa paste market in China.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in China.
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This report provides an in-depth analysis of the global cocoa paste market.
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In April 2023, the price of Cocoa Paste reached $3,218 per ton (CIF, China), representing a growth of 33% compared to the previous month.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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370
In April 2023, the price of Cocoa Paste reached $3,218 per ton (CIF, China), representing a growth of 33% compared to the previous month.
79
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1132
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
760
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
